I think its just more whipsawing.. Interesting article I wish I had a link to, but the author was speaking about the amount of books sold over the last 6 months.. SHort selling obviously, but the number of books on technical analysis was stunning.. also he mentioned charting services offered on the internet and TA software like e-signal etc etc..
Just made me wonder.. What effect if any will this have on the markets behavior over the short term- say 1-3 days etc etc.. Heck- maybe ill get e-signal and start trading the breaks where people are alerted to stop out or buy.. Hmmmm.. : )